The Theory of Constraints Was Developed by Eli Goldratt to

question 79

Multiple Choice

The Theory of Constraints was developed by Eli Goldratt to

• A)Maximize the performance of a value chain by focusing on constraints that limit an organization's output.
• B)Maximize the performance of a value chain by focusing on those processes that do not have constraints.
• C)Limit or eliminate defective product that constrain production.
• D)None of these ans choices are correct.

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Definitions:

Decision Table

A tabular method for representing and analyzing logical relationships between conditions and actions, used in decision-making and systems analysis.

Decision Variable

A variable in optimization or decision-making models whose value is subject to choice within a set of permissible values.

Monte Carlo Simulation

A computational algorithm that relies on repeated random sampling to obtain numerical results, often used in physical and mathematical problems.

Sales Forecasts

Predictive analysis to estimate the amount of product or service a business will sell during a particular period.